Save Article

With Elections Looming, Congress Is Unlikely to Act Soon

By

Jonathan Weisman

Updated Sept. 7, 2010 12:01 a.m. ET

Congress is unlikely to quickly pass President Barack Obama's latest proposals to jump-start the economy, reflecting the president's weakened political position and a bruising election just two months away.

Mr. Obama travels to Cleveland to deliver a key-note economic speech Wednesday that will outline plans to enhance and permanently extend the research and experimentation tax credit, allow businesses to write 100% of their investments off their taxes through 2011, and pump another $50 billion of infrastructure spending...